SEC to undertake full review of equity markets

In a speech on May 11th 2015, Commissioner Luis A. Aguilar of the U.S. Securities and Exchange Commission has spoken of the need to undertake a thorough review of the current equity market. The Commission has formed an advisory committee to assist that review. In his speech, Commissioner Aguilar focussed on some the issues that any serious review should consider—such as the various issues that have arisen from the markets’ increasingly fragmented structure, including market quality, and various market participants’ responses to the intensified competition for order flow.